Kahn, Lekander, and Leimkuhler (1997)

Kahn, Ronald N., Claes Lekander and Tom Leimkuhler. "Just Say No? The Investment Implications of Tobacco Divestiture". The Journal of Investing, Winter 1997.

LK comment:  Strong quantitative analysts find that tobacco divestiture would have had little effect on overall portfolio performance.

Link:  https://joi.pm-research.com/content/6/4/62